Payment Methodology definition

Payment Methodology means the Payment methods of Grants as provided for in the Regulations, which facilitates the Payment of Grants to Recipients at designated Pay-Points or through other alternative payment channels;
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Payment Methodology means, with respect to all payments of Termination Fee amounts payable by the Stockholders pursuant to Section 5.1(d) below, the Offering Parties shall be entitled to receive and shall receive (or, in the event funds are transmitted in lump sum, shall be deemed to have received) from each Stockholder specified on Exhibit A (and each such Stockholder agrees to pay to the Offering Parties) such Termination Fee amounts as follows: (a) in the case of the Initial Offering Party Per Share Payment, the Initial Offering Party Per Share Payment with respect to the number of shares of Company Stock held by such Stockholder as set forth on Exhibit A and subject to adjustment pursuant to Section 2.4, and (b) in the case of any additional Termination Fee amounts payable under Section 5.1(d)(iv), an amount equal to the Per Share Excess Gross Proceeds multiplied by the number of shares of Company Stock held by such Stockholder as set forth on Exhibit A and subject to adjustment pursuant to Section 2.4, with the resulting total amounts payable with respect to each Stockholder being paid by such Stockholder (i) 51% to PP or its designee, and (ii) 49% to PIP or its designee. For example, and not by way of limitation, and solely with respect to the Initial Offering Party Per Share Payment (and unless a replacement methodology for allocations of payments among the Offering Parties is specified to the Stockholders by the Offering Parties in their discretion), because Illinois Diversified Company, LLC holds 21,375 shares Company Stock as set forth on Exhibit A, the Initial Offering Party Per Share Payment, if any, to be made by Illinois Diversified Company, LLC to the Offering Parties would be $106,875 in the aggregate ($5.00 x 21,375), with 51% of such amount ($54,506.25) being paid or deemed paid by such entity to PP and with the remaining 49% of such amount being paid or deemed paid by such entity to PIP.
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Payment Methodology means the formula set out at Schedule 3 Registered Community Housing Provider means a Community Housing Provider that is registered under section 67D of the Act.
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Examples of Payment Methodology in a sentence

  • The Grant Budget amounts are firm for the duration of the Grant Contract and are not subject to escalation for any reason unless amended, except as provided in Section C.6. C.3. Payment Methodology.

  • The Grant Budget amounts are firm for the Term and are not subject to escalation for any reason unless amended, except as provided in Section C.6. C.3. Payment Methodology.

  • Contract section C.3. is deleted in its entirety and replaced with the following:C.3. Payment Methodology.

  • In accordance with the payment terms outlined in this section and the Contractor’s completion of the Scope of Work as set forth in this Contract, the Contractor will be compensated as follows:{To be determined.} 1.3.4.2 Payment Methodology.

  • Alternative Payment Methodology (APM) – Report on provider’s progress toward, or implementation of, APM arrangements.

  • Payment Methodology: Select the Managed Care Plan’s payment method for the subcontractor/affiliate services from the drop-down box.

  • The payment rates and the maximum liability of the State under this Contract are firm for the duration of the Contract and are not subject to escalation for any reason unless amended.C.3. Payment Methodology.

  • The Contractor agrees that University shall issue payment for all goods and/or services under this Contract via the method agreed upon by the Contractor and the University.C.4. Payment Methodology.

  • IDBI Bank shall pay the Fees to the OS Vendor upon receipt of the OS Vendor’s invoice(s), raised in accordance with the Billing and Payment Methodology set out in Annexure B.

  • The Commissioner shall convene an Alternative Payment Methodology Committee by February 28, 2015, by October 1, 2015, and by October 1 each year thereafter.


More Definitions of Payment Methodology

Payment Methodology means a methodology that describes the manner in which the Consultant will be paid for the Work. There are four (4) bases of Payment Methodologies that may be used for Work Orders: Percentage of Completion Methodology; Schedule of Values Methodology; Lump Sum Payment Methodology; and Time and Materials Not to Exceed Methodology.
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Related to Payment Methodology

  • Payment Method means by means of direct debit, or as otherwise set out on your Quotation Document;

  • Settlement Method means, with respect to any conversion of Notes, Physical Settlement, Cash Settlement or Combination Settlement, as elected (or deemed to have been elected) by the Company.

  • Settlement Method Election Date With respect to any Settlement of any Transaction, the 2nd Scheduled Trading Day immediately preceding (x) the Valuation Date for such Transaction, in the case of Physical Settlement, or (y) the First Unwind Date for such Transaction, in the case of Cash Settlement or Net Share Settlement.

  • Procurement Methods means any one of the procurement modes / methods as provided in the Punjab Procurement Rules 2014 published by the Punjab Procurement Regulatory Authority (PPRA), Government of Punjab.

  • Equivalent method means any method of sampling and analyzing for an air pollutant that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to have a consistent and quantitatively known relationship to the reference method under specific conditions.

  • Annual Installment Method means the method used to determine the amount of each payment due to a Participant who has elected to receive a benefit over a period of years in accordance with the applicable provisions of the Plan. The amount of each annual payment due to the Participant shall be calculated by multiplying the balance of the Participant’s benefit by a fraction, the numerator of which is one and the denominator of which is the remaining number of annual payments due to the Participant. The amount of the first annual payment shall be calculated as of the close of business on or around the Participant’s Benefit Distribution Date, and the amount of each subsequent annual payment shall be calculated on or around each anniversary of such Benefit Distribution Date. For purposes of this Plan, the right to receive a benefit payment in annual installments shall be treated as the entitlement to a single payment.

  • Methodology As defined in Section 3 of this Exposure Protection Schedule. Obligations – All of Carrier’s obligations under the Agreement and any Other Signatory Agreements whether now existing or hereafter arising, whether now existing or hereafter arising (including any of the foregoing obligations that arise prior to or after any Insolvency Event and any obligations arising pursuant to this Exposure Protection Schedule).

  • Reference method means any direct test method of sampling and analyzing for an air pollutant as specified in 40 CFR 60, Appendix A*.

  • Alternative method means any method of sampling and analyzing for an air pollutant that is not a reference or equivalent method but that has been demonstrated to the satisfaction of the commissioner and the U.S. EPA to, in specific cases, produce results adequate for a determination of compliance.

  • Alternative Payment Mechanism means, with respect to any Qualifying Capital Securities, provisions in the related transaction documents permitting the Corporation, in its sole discretion, or in response to a directive or order from the Federal Reserve, to defer or skip in whole or in part payment of Distributions on such Qualifying Capital Securities for one or more consecutive Distribution Periods up to ten years and requiring the Corporation to issue (or use Commercially Reasonable Efforts to issue) one or more types of APM Qualifying Securities raising eligible proceeds at least equal to the deferred Distributions on such Qualifying Capital Securities and apply the proceeds to pay unpaid Distributions on such Qualifying Capital Securities, commencing on the earlier of (x) the first Distribution Date after commencement of a deferral period on which the Corporation pays current Distributions on such Qualifying Capital Securities and (y) the fifth anniversary of the commencement of such deferral period, and that:

  • Default Settlement Method means Combination Settlement with a Specified Dollar Amount of $1,000 per $1,000 principal amount of Notes; provided, however, that the Company may, from time to time, change the Default Settlement Method by sending notice of the new Default Settlement Method to the Holders, the Trustee and the Conversion Agent.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Random selection basis means a mechanism for selection of employees that:

  • Selection Criteria means and includes all of the requirements, considerations,

  • Actuarial method means the method of allocating a fixed level payment on a Receivable between principal and interest, pursuant to which the portion of such payment that is allocated to interest is the product of one-twelfth (1/12) of the APR on the Receivable multiplied by the scheduled principal balance of the Receivable.

  • Relevant Settlement Method In respect of any Option:

  • Benchmarked Price means the higher of:

  • Yearly (1/Year) sampling frequency means the sampling shall be done in the month of September, unless specifically identified otherwise in the effluent limitations and monitoring requirements table.

  • Semi-annual (2/Year) sampling frequency means the sampling shall be done during the months of June and December, unless specifically identified otherwise.

  • Payment Terms for a Supply Point means the Payment Method and Payment Period for it;

  • MBA Delinquency Method Under the MBA Delinquency Method, a loan due on the first of the month is considered 30 days delinquent when all or part of one or more payments remains unpaid as of close of business on the last Business Day of such month.

  • Payment Schedule ’ means a schedule which sets out—

  • Control drive mechanism means a device that enables the source assembly to be moved into and out of the exposure device.

  • Simple Interest Method means the method of allocating a fixed level payment to principal and interest, pursuant to which the portion of such payment that is allocated to interest is equal to the product of the fixed rate of interest multiplied by the unpaid principal balance multiplied by the period of time elapsed since the preceding payment of interest was made and the remainder of such payment is allocable to principal.

  • Standard Methods means the examination and analytical procedures set forth in the most recent edition of "Standard Methods for the Examination of Water and Wastewater" published jointly by the American Public Health Association, the American Water Works Association, and the Water Pollution Control Federation.

  • Benchmarked Rates means the Services that the Supplier elects to include in a Benchmarking Review, based on forecast frequency of use;